Shimano Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	450,510	477,324	534,045	493,933	430,429	364,519
Cash & Short-Term Investments	450,510	477,324	534,045	493,933	430,429	364,519
Cash Growth	-3.72%	-10.62%	8.12%	14.75%	18.08%	19.28%
Receivables	48,075	37,959	39,507	31,260	54,891	51,888
Inventory	138,147	131,996	120,641	112,488	130,908	103,258
Other Current Assets	16,995	18,840	17,268	15,072	12,526	8,879
Total Current Assets	653,727	666,119	711,461	652,753	628,754	528,544
Property, Plant & Equipment	209,308	201,141	182,708	157,982	147,244	139,405
Long-Term Investments	32,301	37,047	31,440	29,313	23,845	15,239
Goodwill	1,372	1,455	1,661	1,898	3,065	3,274
Other Intangible Assets	28,687	27,868	23,299	20,091	16,776	12,854
Long-Term Deferred Tax Assets	4,385	4,618	8,382	9,693	6,728	6,053
Other Long-Term Assets	7,602	2	2	1	1	1
Total Assets	937,382	938,250	958,953	871,731	826,413	705,370
Accounts Payable	18,647	16,774	16,111	11,025	20,595	24,352
Accrued Expenses	3,235	3,623	3,639	3,182	3,880	3,639
Short-Term Debt	-	-	-	-	2,151	3,133
Current Portion of Leases	-	1,423	1,242	1,022	928	827
Current Income Taxes Payable	6,219	9,161	9,803	5,737	21,899	23,170
Other Current Liabilities	31,320	27,936	25,007	40,868	29,155	26,407
Total Current Liabilities	59,421	58,917	55,802	61,834	78,608	81,528
Long-Term Debt	-	-	-	-	-	2
Long-Term Leases	3,458	2,607	2,319	2,370	2,298	2,298
Pension & Post-Retirement Benefits	1,525	1,473	1,310	1,253	1,210	2,104
Long-Term Deferred Tax Liabilities	2,602	2,449	3,018	3,179	2,522	2,164
Other Long-Term Liabilities	2,389	3,303	12,893	700	681	624
Total Liabilities	69,395	68,749	75,342	69,336	85,319	88,720
Common Stock	35,613	35,613	35,613	35,613	35,613	35,613
Additional Paid-In Capital	5,324	5,324	5,640	5,640	5,640	5,640
Retained Earnings	628,876	630,717	675,370	647,172	638,141	566,263
Treasury Stock	-8,189	-1,100	-1,186	-1,264	-12,909	-13,284
Comprehensive Income & Other	204,974	197,702	166,959	114,004	73,623	21,759
Total Common Equity	866,598	868,256	882,396	801,165	740,108	615,991
Minority Interest	1,389	1,245	1,215	1,230	986	659
Shareholders' Equity	867,987	869,501	883,611	802,395	741,094	616,650
Total Liabilities & Equity	937,382	938,250	958,953	871,731	826,413	705,370
Total Debt	3,458	4,030	3,561	3,392	5,377	6,260
Net Cash (Debt)	447,052	473,294	530,484	490,541	425,052	358,259
Net Cash Growth	-4.45%	-10.78%	8.14%	15.41%	18.64%	18.14%
Net Cash Per Share	5141.73	5405.00	5930.77	5429.64	4669.82	3870.73
Filing Date Shares Outstanding	86.03	86.47	89.07	89.97	90.4	91.97
Total Common Shares Outstanding	86.03	86.47	89.07	89.97	90.63	91.97
Working Capital	594,306	607,202	655,659	590,919	550,146	447,016
Book Value Per Share	10072.87	10041.65	9907.22	8905.20	8166.35	6697.81
Tangible Book Value	836,539	838,933	857,436	779,176	720,267	599,863
Tangible Book Value Per Share	9723.48	9702.52	9626.98	8660.79	7947.42	6522.44

Source: S&P Global Market Intelligence. Standard template. Financial Sources.